This is aligned to the general long term outlook of BTCUSD based on its within the parabolic curve. Most models suggest that if the recent low was the long term bottom, Bitcoin will consolidate for an average period of 6 months in preparation/ accumulation of the next bull cycle. See our long term studies below and tell us what you think:
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Markets can be very predictable, as they are formed by people, and thus they behave like people!
We expected a swing around 3,500 and it happened.
Now it should be on its way toward $3,800 again.
LONG (entry is valid as long as the price is above $3,000)